The wars in Afghanistan and Iraq have cost billions of dollars over the last decade, but the spending won't stop when the fighting does.
Just how much money are we spending on health care because of war?
US Paying for Wars
- In the past, the U.S. paid for wars by:
- Selling war bonds
- WWII cost $340 billion
- Americans purchased $150 billion in war bonds to fund the war effort
- Raising taxes
- The largest tax increase in history provided additional funding for WWII
- The top marginal rate was raised to 94%
- Tax hikes also paid for the Korean war and the Vietnam war
- The Afghanistan and Iraq wars were paid for by borrowing most of the funds
- War-related federal outlays from 2001 through fiscal year 2013: $3,102.85 billion
- Interest payments on Pentagon spending alone: $259 billion
- 2013 discretionary budget for the US Department of Education (including Pell Grants): $68.4 billion
The editors at MBA in Healthcare Management Degrees decided to research the topic of The Healthcare Costs of War